Joe Hope
Seeen PLC said on Friday it had raised gross proceeds of about 2.6 million pounds ($3.1 million) through a fundraising to support sales and marketing teams and invest in technology development projects.
The London-based media and tech platform first revealed it on December 1. On July 7, it plans to raise up to £3.1m through a rights issue and open sale.
The company said at the time it planned to place about 42.8 million placement shares at an issue price of 6p each, a discount of 14.3% to its closing price on Dec. 12. 6.
Entry of the shares is expected to take place on December 12th. 30.
Shares were flat at 6.5 pence by 0950 GMT.
Write to Joe Hoppe at joseph.hoppe@wsj.com